Question: Table 1: Shirley's Ice Cream Shop Table includes Q, Tc, Mc, P, Tr, and Mr Quantity Marginal Marginal Total Cost Price Total Revenue Produced Cost

Table 1: Shirley's Ice Cream Shop Table includes Q, Tc, Mc, P, Tr, and Mr Quantity Marginal Marginal Total Cost Price Total Revenue

Produced Cost Revenue $6.20 $4 1 $9.00 $4 2 $11.00 $4 3

$12.60 $4 4 $13.80 $4 5 $15.00 $4 6 $16.50 $4 7

Table 1: Shirley's Ice Cream Shop Table includes Q, Tc, Mc, P, Tr, and Mr Quantity Marginal Marginal Total Cost Price Total Revenue Produced Cost Revenue $6.20 $4 1 $9.00 $4 2 $11.00 $4 3 $12.60 $4 4 $13.80 $4 5 $15.00 $4 6 $16.50 $4 7 $19.00 $4 8 $23.00 $4 9 $29.60 $4 10 $40.00 $4Refer to Table 1. At the profit maximizing output (your answer in Question 4), what is the total profit? O $7.50 O $0.00 O $9.00 O $5.00 O $6.40

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